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Complete the following table and compute the project's conventional payback period. For full credit, complete the entire table. Year o Year 1 Year 2 Year

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Complete the following table and compute the project's conventional payback period. For full credit, complete the entire table. Year o Year 1 Year 2 Year 3 Expected cash flow Cumulative cash flow -5,500,000 $2,200,000 $4,675,000 1, $1,925,000 Conventional payback period: The conventional payback period ignores the time value of money, and this concerns Cold Goose's CFO. He has now asked you to compute Sigrma's discounted payback period, assuming the company has a 7% cost of capital. Complete the following table and perform any necessary calculations. Round the discounted cash flow values to the nearest whole dollar, and the discounted payback period to the nearest two decimal places. For full credit, complete the entire table. Year 0 Year 1 Year 2 Year 3 Cash flow Discounted cash flow cumulative discounted cash flow -5,500,000 $2,200,000 $4,675,000 1,925,000 Discounted payback period

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